salary

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Salary

Regular wages and benefits an employee receives from an employer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Salary

A regular compensation that an employee receives for working at a company. A salary is set by agreement between the employee and the employer and is not dependent on the number of hours worked. That is, the employee does not make more for working more than 40 hours per week and does not make less for working less than that.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

salary

a payment made to employees for the use of their labour. Unlike WAGES, salaries are not strictly related to the actual number of hours worked (though the CONTRACT OF EMPLOYMENT will usually stipulate the required working hours each week). Instead salaries are expressed in an annual sum, a portion of which is paid to the employee each month. An employee's salary is generally a function of the individual's age and experience, and the level of the job in the organization. Increasingly, an element of the employee's salary is based on some measure of individual performance. See INCREMENTAL PAY SCALE, PERFORMANCE APPRAISAL, MERIT PAY.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

salary

a form of PAY made to employees of an organization. A salary is similar to a WAGE payment in that it is paid for the use of LABOUR as a factor of production. In economic terms, a salary payment differs from a wage payment in two ways:
  1. it is not strictly related to the actual number of hours worked by the employee, whereas wage earners are usually paid on an hourly basis;
  2. salaries are usually paid monthly, whereas wages are paid weekly
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
The increase in the basic itself would take his gross pay to nearly Rs 3.70 lakh.
11, with gross pay of $176,830, including $70,625 in paid detail wages and $24,368 in overtime.
He had drawn his first gross / lump sum salary package @ Rs.59,198/- and now, he is drawing gross pay @ Rs.348,168/- per month
The 20/2a-9 appraisal well, which is in UK licence P317, encountered 389 ft of gross pay and 90 ft of net pay.
Manual workers in these formerly communist states receive about 41 percent of their gross pay as envelope wages.
He also announced that the manager and his deputy are being rewarded with two months' gross pay while other staffs get one month gross pay as appreciation for their demanding service.
Well log analysis continues to indicate around 20-30 metres of gross pay in each well.
But, I am suggesting that if four mechanics work 50 hours per week, at $20 per normal hour and $30 per overtime hour, their combined gross pay is $4,400 dollars for 200 hours of work.
3 OPTIONS CHART 1 Current Single Bonus Single Bonus Paycheck Paycheck Gross pay $8,000 $9,000 Tax withholdings -2,800 -3,150 Withholding to cover premium -1,000 Net pay $5,200 $4,850 CHART 2: Current Double Bonus Double Bonus Paycheck Paycheck Gross pay $8,000 $9,538 Tax withholdings -2,800 -3,338 Withholding to cover premium -1,000 Net pay $5,200 $5,200 CHART 3: Current Budget Bonus Budget Bonus Paycheck Paycheck Gross pay $8,000 $9,000 Tax withholdings -2,800 -3,150 Withholding to cover premium -650 Net pay $5,200 $5,200
This 3-ring binder provides guidelines for efficient processing of 2005 form W-2, managing payroll and HR data, withholding taxes and non-tax deductions from gross pay, hiring workers as non-employees, and complying with wage-hour laws.
That is 145 per cent of the average earnings of people who live in Moray, the lowest paid area, where full-time weekly gross pay is just pounds 390.
In Lane County, where 38 percent of households are renters, it takes an income of $13.21 an hour to keep rent and utilities on a $687-a-month apartment from exceeding 30 percent of gross pay. The average for all of Oregon is $12.89 per hour.